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said you'd cut the deficit in half, it's now four years later, we have $1 trillion deficits, the cbo says we'll have a $1 trillion deficit each of the next four years. if you're re-elected, we'll get to a $1 trillion debt. and i love this idea of $4 trillion in cuts. you found $4 trillion of ways to get closer to a balanced budget, yet we still show $1 trillion deficits every year. that doesn't get the job done. let me come back and say, why is it that i don't want to raise taxes. well, i don't want to raise taxes on people. and you said it back in 2010. you said, i'm going to extend the tax policies that we have. i'm not going to raise taxes on anyone, because when the economy is growing slow like this, when we're in recession, you shouldn't raise taxes on anyone. well, the economy is still growing slow. as a matter of fact, it's growing much more slowly now than when you made that statement. so if you believe the same thing, you just don't want to raise taxes on people, and the reality is, it's not just wealthy people. you mentioned donald trump. it's not just donald trump you're t
said you'd cut the deficit in half, it's now four years later, we have $1 trillion deficits, the cbo says we'll have a $1 trillion deficit each of the next four years. if you're re-elected, we'll get to a $1 trillion debt. and i love this idea of $4 trillion in cuts. you found $4 trillion of ways to get closer to a balanced budget, yet we still show $1 trillion deficits every year. that doesn't get the job done. let me come back and say, why is it that i don't want to raise taxes. well, i don't...
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no tax cut that adds to the deficit. but i do want to increase the dividend being paid to middle income americans, so i cannot reduce the burden paid by high-income americans. so any language to the contrary is simply not accurate. >> mr. president? >> well, i think, let's talk about taxes, because i think it's instructive. now, four years ago when i stood on this stage, i said that i would cut taxes for middle class families. and that's exactly what i did. we cut taxes for middle class families by about $3,600. and the reason is, because i believe that we do best when the middle class is doing well. and by giving them those tax cuts, they have a little more money in their pocket. so maybe they can buy a new car. they are certainly in a better position to weather the extraordinary recession that we've went through. they can buy a computer for their kid, who's going off to college. which means they're spending more money, businesses have more customers, businesses make more profits, and then hire more workers. now, govern
no tax cut that adds to the deficit. but i do want to increase the dividend being paid to middle income americans, so i cannot reduce the burden paid by high-income americans. so any language to the contrary is simply not accurate. >> mr. president? >> well, i think, let's talk about taxes, because i think it's instructive. now, four years ago when i stood on this stage, i said that i would cut taxes for middle class families. and that's exactly what i did. we cut taxes for middle...
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the federal subsidy for pbs in 2012 doesn't make up a huge part of this deficit. for example, 2012, the federal subsidy for pbs was $444 million. if you compare that to romney's plan for the federal budget, you'll see how miniscule it is. pbs subsidy, $444 million. but if you look at the tax breaks to oil and gas companies that romney defended last night, those add up to $4 billion this year alone. and take a look at mitt romney's plan for the defense budget. he wants to increase spending by $2 trillion over the next ten years. so, i mean, big bird is a big diversion to what he's really talking about in terms of the deficit. >> well, i think those of us out here crave specifics from governor romney. and when he's talked about this in the past, he's often thrown big bird under the bus. i don't know what would happen if he threw big bird under the bass. maybe the bus would go off the road. but never the let's, he has this little set piece he does. do you want to know what i'll cut? i'll cut pbs and big bird, the national endowment of humanities and the amtrak subsid
the federal subsidy for pbs in 2012 doesn't make up a huge part of this deficit. for example, 2012, the federal subsidy for pbs was $444 million. if you compare that to romney's plan for the federal budget, you'll see how miniscule it is. pbs subsidy, $444 million. but if you look at the tax breaks to oil and gas companies that romney defended last night, those add up to $4 billion this year alone. and take a look at mitt romney's plan for the defense budget. he wants to increase spending by $2...
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the 2013 federal budget expected to result in a $900 billion deficit. >>> all right. enough of the real news. let's huddle around the water cooler to see how john stewart worked through the denver debate. >> there is no red america! there is no blue america! there is only the america that can't believe how bad this guy did in the debate. obama lost despite mitt romney doing this. >> i'm sorry, jim. i'm going to stop the subsidy to pbs. i'm going to stop other things. i like pbs. i like big bird. i actually like you too. i'm not going to keep on spending money on things to borrow from china to pay for it. >> mother [ bleep ] fired big bird! romney could have water boarded aladdin, put down blue, deported dora the explorer, and still won walking away. romney won with the sound up. >> you're entitled, as a president, to your own airplane and house, but not to your own facts. >> romney won with the sound off. dude, he's yelling at you. look up! look up! what are you looking at? what are you writing that's so important? what are you doing? oh, that's nice. i didn't realize
the 2013 federal budget expected to result in a $900 billion deficit. >>> all right. enough of the real news. let's huddle around the water cooler to see how john stewart worked through the denver debate. >> there is no red america! there is no blue america! there is only the america that can't believe how bad this guy did in the debate. obama lost despite mitt romney doing this. >> i'm sorry, jim. i'm going to stop the subsidy to pbs. i'm going to stop other things. i like...
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we have increased deficits. we have had unemployment over 8%. the middle class is hurting. and i think he did, thomas, give specifics. he gave his five-point plan how he is going to create jobs in this country. >> but senator, you don't think that we are better off than four years ago when it comes to 43 straight months of job growth, the fact that the auto bailout worked? the fact we have drawn out of the war in iraq and we are now slowly trying to map out the course to leave afghanistan? you don't think that the country is better off than we were four years ago as a whole, collectively? >> since you brought up the foreign situation, i think we are in a much worse position because the president withdrew from iraq and afghanistan without benchmarks that would be required to keep those countries stable when we leave. that's why we are seeing our people being shot by insiders in afghanistan. why things are breaking up in iraq. i don't think the world is safer because of what president obama has done. i think his foreign policy is very -- >> do you think we need to pull out of
we have increased deficits. we have had unemployment over 8%. the middle class is hurting. and i think he did, thomas, give specifics. he gave his five-point plan how he is going to create jobs in this country. >> but senator, you don't think that we are better off than four years ago when it comes to 43 straight months of job growth, the fact that the auto bailout worked? the fact we have drawn out of the war in iraq and we are now slowly trying to map out the course to leave...
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who knew that he was responsible for all these deficits? >> most importantly the president's campaign showed a willingness to take the fight to the airwaves again. the obama camp released a television ad pointing out romney's blatant lies. >> why won't romney level with us about his tax plan which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class or increase the deficit to pay for it. if we can't trust him here, how could we ever trust him here? >> i know a lot of lefties woke up today wondering why it felt like they had a little bit better command of the material than the president did. well, who knows. today the president and his campaign showed a willingness to change direction when things don't go according to plan. get your cell phones out. i want to know what you think. tonight's question. will mitt romney get away with lying to the american people? text "a" for yes, text "b" for no to 622639. always go to our blog at ed.msnbc.com and i'll bring you the results later on i
who knew that he was responsible for all these deficits? >> most importantly the president's campaign showed a willingness to take the fight to the airwaves again. the obama camp released a television ad pointing out romney's blatant lies. >> why won't romney level with us about his tax plan which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class or increase the deficit to pay for it. if we can't trust him here, how...
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n who knew that he was responsible for the deficits elmo has to watch out. >> joining me now nbc's joy read. he is going to cut 1, 100th of 1% of the federal budget by cutting any subsidies that go to pbs, i don't know, i don't think he is going to get to that balanced budget with that. >> i don't think so. but he will stop those socialists muppets. the problem with the idea of cutting such a small piece of the budget with pbs is medicare and medicaid. he said that he would increase military spending so what mitt romney would be left with would be slashing a third of something else. that would be school lunches and veterans benefits. he would have to slash everything else in the budget. >> the politics of it is looney. going after something that is so popular for something that is such a tiny dollar cost it is not in the rounding era margins in the budget it is dangerous. peggy noonan is saying watch out for big bird. mr. romney gave a small difficult to the incumbents i think she is right. joy, this is a bad place for romney to go. >> this was the one bone to romney threw to the far r
n who knew that he was responsible for the deficits elmo has to watch out. >> joining me now nbc's joy read. he is going to cut 1, 100th of 1% of the federal budget by cutting any subsidies that go to pbs, i don't know, i don't think he is going to get to that balanced budget with that. >> i don't think so. but he will stop those socialists muppets. the problem with the idea of cutting such a small piece of the budget with pbs is medicare and medicaid. he said that he would increase...
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we went from deficit to surplus. and businesses did very well. >> you know what i hear and i hear it in the president's speeches, he's still working the interest groups rather than selling a national plan. he keeps talking about more teachers. he doesn't necessarily push education he pushes more teachers and he'll refurbish the school buildings. grant it the aft like it maybe your people like it but it isn't a national plan for economic development and tonight they said what's your difference and that's all he could come up with is something about the teachers. where's the national macroeconomic plan to get us out of these doldrums. >> i think he talks about education in a much different way as well. and not just talk about. he's done it. he talked about the "race to the top" tonight. as a fompbler urban school superintendent that's done more to reform schools across the country than anything else the federal government has ever done but there needs to be more than that as well. he's talked about manufacturing and ta
we went from deficit to surplus. and businesses did very well. >> you know what i hear and i hear it in the president's speeches, he's still working the interest groups rather than selling a national plan. he keeps talking about more teachers. he doesn't necessarily push education he pushes more teachers and he'll refurbish the school buildings. grant it the aft like it maybe your people like it but it isn't a national plan for economic development and tonight they said what's your...
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. >> there will be no tax cut that adds to the deficit. i'll underline that, no tax cut that adds to the deficit. >> really? okay. what kind of mileage does it get? >> number one, pre-existing conditions are covered under my plan. >> huh? okay. do the brakes work? >> i'm sorry, jim, i'm going to stop this subsidy to pbs. i'm going to stop other things. i like pbs. i love big bird. >> let's not. let's let him respond. >> i get the last word. let me make this comment. >> nope. come on, mr. president, give us a peek under the hood. >> five week before the election he's saying that his big, bold idea is never mind. is the reason that governor romney is keeping all these plans to replace secret because they're too good? is it because that somehow middle class a families are going to benefit too much? ♪ i guess you're just what i needed ♪ >>> we begin with the president criticized as being less than effective last night by hyperventilating pundits across the board, but now getting his own chance to put a spin on the first presidential debate
. >> there will be no tax cut that adds to the deficit. i'll underline that, no tax cut that adds to the deficit. >> really? okay. what kind of mileage does it get? >> number one, pre-existing conditions are covered under my plan. >> huh? okay. do the brakes work? >> i'm sorry, jim, i'm going to stop this subsidy to pbs. i'm going to stop other things. i like pbs. i love big bird. >> let's not. let's let him respond. >> i get the last word. let me make...
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in mitt's plan to cut funding to pbs, would be a drop in the bucket in terms of the deficit but would have a major impact on educational television in america. former reading rainbow host lavar burton will join me tonight. looking forward to that. share your thoughts with us on twitter and on facebook using the hash tag ed show. we're coming right back. interior design business. she's got a growing list of clients she keeps in touch with using e-mail marketing from constantcontact.com. constantcontact is easy and affordable. it lets her send out updates and photos that showcase her expertise and inspire her customers for only $15 a month. [ dog barking ] her dream -- to be the area's hottest interior design office. [ children laughing ] right now, she just dreams of an office. get a free trial at constantcontact.com. we might still be making mix tapes. find this. pause this. play this. eject this. write this. it's like the days before esurance express lane™. you had to find a bunch of documents just to get a car insurance quote. now express lane finds your driving info with just one
in mitt's plan to cut funding to pbs, would be a drop in the bucket in terms of the deficit but would have a major impact on educational television in america. former reading rainbow host lavar burton will join me tonight. looking forward to that. share your thoughts with us on twitter and on facebook using the hash tag ed show. we're coming right back. interior design business. she's got a growing list of clients she keeps in touch with using e-mail marketing from constantcontact.com....
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in mitt's plan to cut funding to pbs, would be a drop in the bucket in terms of the deficit but would have a major impact on educational television in america. former reading rainbow host lavar burton will join me tonight. looking forward to that. share your thoughts with us on twitter and on facebook using the hash tag ed show. we're coming right back. schoole world... ...you see they all have something very interesting in common. they have teachers... ...with a deeper knowledge of their subjects. as a result, their students achieve at a higher level. let's develop more stars in education. let's invest in our teachers... ...so they can inspire our students. let's solve this. email marketing from constant contact reaches people in a place they're checking every day -- their inbox. and it gives you the tools to create custom emails that drive business. it's just one of the ways constant contact can help you grow your small business. sign up for your free trial today at constantcontact.com/try. >>> welcome back. thanks for watching tonight. good news for the country means republicans ar
in mitt's plan to cut funding to pbs, would be a drop in the bucket in terms of the deficit but would have a major impact on educational television in america. former reading rainbow host lavar burton will join me tonight. looking forward to that. share your thoughts with us on twitter and on facebook using the hash tag ed show. we're coming right back. schoole world... ...you see they all have something very interesting in common. they have teachers... ...with a deeper knowledge of their...
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who knew that he was responsible for all these deficits. >> sesame street taking center stage after romney said he'd cut subsidies for pbs do urg that debate. pbs released a statement saying, quote, governor romney does not understand the value the american people place on public broadcasting. paul ryan is getting outraged by the man who wants his seat in congress. ron zer bin raised $770,000 in the third quarter. to be fair, ryan stopped fund-raising when he accepted the nomination for vice president. he is still on the ballot and has 4 million bucks in the bank. >>> and who would play the president in a movie. michelle obama told the website pop sugar either denzel washington or will smith, and then she joked, will has the ears which might give him the edge. come on. now, we usually talk about fast food as the root of our country's obesity problem. but it sounds like americans are cooking up some fattening foods at home. the daily meal is out with the most searched recipes for 2012. it's our list today. at five, bread. yes, people do still make it at home. chocolate chip cookies, chocola
who knew that he was responsible for all these deficits. >> sesame street taking center stage after romney said he'd cut subsidies for pbs do urg that debate. pbs released a statement saying, quote, governor romney does not understand the value the american people place on public broadcasting. paul ryan is getting outraged by the man who wants his seat in congress. ron zer bin raised $770,000 in the third quarter. to be fair, ryan stopped fund-raising when he accepted the nomination for...
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we ended up moving from surplus to deficits. and it all culminated in the worst financial crisis since the great depression. >> i suppose mr. romney thought the president wouldn't recognize the term trickle-down if he twisted it around. romney is proposing boilerplate trickle-down economics providing tax relief for businesses with the false hope that they won pocket that money but rather put it into new jobs. help the rich get richer and then they'll help everyone else. but hey, mr. romney's plan as stated in the debate may in fact sound right to you. but don't call it new. it's a been there, done that track record. lower taxes on the rich, simply don't lead to job growth. when you compare the top marginal income tax rate, the tax rate that top earners get taxed over the highest threshold with employment, growth happens when taxes are higher, not lower. let me show you a chart that the president could have used this week to simplify the whole debate. this is what the election boils down to right here. larry bartels' chart makes
we ended up moving from surplus to deficits. and it all culminated in the worst financial crisis since the great depression. >> i suppose mr. romney thought the president wouldn't recognize the term trickle-down if he twisted it around. romney is proposing boilerplate trickle-down economics providing tax relief for businesses with the false hope that they won pocket that money but rather put it into new jobs. help the rich get richer and then they'll help everyone else. but hey, mr....
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he says he will do three things, cut tax rates 20%, as you said, keep the budget deficit from getting larger, and protect the middle class from any tax increases. well, look, if you're going to cut taxes and you're going to be revenue neutral about it, that is not increase the budget deficit, that means somebody is going to have to pay more to offset the fact that somebody is paying less. >> and who is going to pay more? >> well, what mitt romney initially said was that we will just -- we'll get that from the top 1%. we'll get that from wealthy folks. well, that's where the arithmetic comes in. if you look at all of the deductions, you sum them all up, every single tax deduction going to those high-end folk, they don't make up the difference. it's not enough to offset the rate cuts. so you'd have to go to the middle class. >> okay. well, ryan and romney are fond of bragging about how they'll be tough on issues. once again we give you the candidate. >> we'll also take medicaid as well as housing and food stamps, we'll take the dollars that are going in those programs, return them to th
he says he will do three things, cut tax rates 20%, as you said, keep the budget deficit from getting larger, and protect the middle class from any tax increases. well, look, if you're going to cut taxes and you're going to be revenue neutral about it, that is not increase the budget deficit, that means somebody is going to have to pay more to offset the fact that somebody is paying less. >> and who is going to pay more? >> well, what mitt romney initially said was that we will just...
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what i have said is i won't put in place a tax cut that adds to the deficit. that's part one. number two, i will not reduce the share paid by high-income individuals. and number three, i will not under any circumstances raise taxes on middle income families. i will lower taxes on middle income families. >> he's going to get rid of the estate tax, mr. mayor, which aims directly at the top rate. the people who have a quarter million bucks and want to leave it to their kids. it's nor the very rich. he wants to lower the top rate from 35% to 28% for the richest people in the country. he wants to take the corp rate rate from 35% to 25%. >> clearly at that stage mr. obama should have turned to him and said you are not telling the american people the truth. just as he did today in denver when he said he wasn't telling the truth. he should have looked him in the eye and said mitt romney, you are not telling the american people the truth. and then proceed to walk through as clinton would have done the mathematics to prove it. i don't think romney would have been smart enough to figure
what i have said is i won't put in place a tax cut that adds to the deficit. that's part one. number two, i will not reduce the share paid by high-income individuals. and number three, i will not under any circumstances raise taxes on middle income families. i will lower taxes on middle income families. >> he's going to get rid of the estate tax, mr. mayor, which aims directly at the top rate. the people who have a quarter million bucks and want to leave it to their kids. it's nor the...
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and no taxes at all as part of a deficit reduction. one of the ways you know the obama campaign is going to try to salvage what was a stylistic disaster last night. they're going to try to have the debate and say wait a minute, how does that compute? they're going to try to have the bill clinton math argument. the president didn't draw it out. >> if you can't engage on that level, if you can't get in there and engage, then perhaps the problem people will tie that performance to his inable to get things done in washington. that makes me sick to my stomach. chuck todd, thank you. what's so funny? >> i'm sorry. >> he had a cat strask economy. did an enormous amount to rescue it from getting worse and worse and worse. >> i don't know. it's going to have to be fixed. >> all right. we'll be right back. brian shactman is next. "morning joe" returns in a moment. [ female announcer ] ready for a taste of what's hot? check out the latest collection of snacks from lean cuisine. creamy spinach artichoke dip, crispy garlic chicken spring rolls. the
and no taxes at all as part of a deficit reduction. one of the ways you know the obama campaign is going to try to salvage what was a stylistic disaster last night. they're going to try to have the debate and say wait a minute, how does that compute? they're going to try to have the bill clinton math argument. the president didn't draw it out. >> if you can't engage on that level, if you can't get in there and engage, then perhaps the problem people will tie that performance to his inable...
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who knew that he was responsible for all these deficits? >> mika, what were your thoughts about barack obama not being able to deliver a single line like that when he didn't have the teleprompter and yesterday reading what his staff wrote for him so effectively on that stage with 30,000 people. >> it bothered me. we watch this every day. it seemed like some people might have been screaming at the tv saying, why aren't you saying that right now to him? it seemed prepared. but maybe that's the strategy. it was not satisfying at all. >> you know, willie -- >> it's like they took a whole day to respond. >> he carries this around where people are waiting till the next debate to see -- >> yeah. >> what is the depth of his understanding of the policies that he's debating and that he's reading on teleprompters? because yesterday, as he was reading the lines off of that teleprompter, you sat there going, oh, my gosh, he couldn't say one of these things spontaneously on wednesday night. but he can read it pretty well off the teleprompter. it's like b
who knew that he was responsible for all these deficits? >> mika, what were your thoughts about barack obama not being able to deliver a single line like that when he didn't have the teleprompter and yesterday reading what his staff wrote for him so effectively on that stage with 30,000 people. >> it bothered me. we watch this every day. it seemed like some people might have been screaming at the tv saying, why aren't you saying that right now to him? it seemed prepared. but maybe...
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we are -- i must say we all complain and we want to see the deficit addressed but don't touch my program. however, if romney as a presidential candidate or as president stood up and said look we're going to have to discuss social security. what we're going to do we're not going to touch -- he has said this. not going to touch anybody who is currently receiving social security or those who are about to come in in the next year or so. but if you look the 48-year-old you won't be able to collect social security until you're 70 but you can get it then most will say that's a good deal. i didn't think i would get anything now. pundits say you never want to educate the voter at the last minute which makes it tough for him. i do think he has to be very strong as to what he is going to do, that these are serious issues that that his experience he shouldn't run away from his experience with bain. he should say look were some jobs outsourced yes, but they were going, any way. >> as governor of the state, a wife, a mom. talk about a role model. >> when i started out the kids were little and i wasn't
we are -- i must say we all complain and we want to see the deficit addressed but don't touch my program. however, if romney as a presidential candidate or as president stood up and said look we're going to have to discuss social security. what we're going to do we're not going to touch -- he has said this. not going to touch anybody who is currently receiving social security or those who are about to come in in the next year or so. but if you look the 48-year-old you won't be able to collect...